Governor Bryan Signs Improved Hotel Development Act Into Law - Government of the United States Virgin Islands
Governor Bryan Signs Improved Hotel Development Act Into Law - Government of the United States Virgin Islands Governor Bryan Signs Improved Hotel Development Act Into Law - Government of the United States Virgin Islands Government of the United States Virgin Islands Home Governor Albert Bryan Jr Pressroom Executive Orders The Cabinet Government of the United States Virgin Islands Home Governor Albert Bryan Jr Pressroom Executive Orders The Cabinet © 2026 Government of the United States Virgin Islands Governor Bryan Signs Improved Hotel Development Act Into Law Search Latest Comments No comments to show. October 7 U.S. VIRGIN ISLANDS—Governor Albert Bryan Jr on Monday signed into law a new version of the Hotel Development Act. The Hotel Development Act (HDA), initially introduced and codified in 2011, was intended to herald new growth incentives for commercial and hotel development by incentivizing new construction in the territory. …
Download the original document · Plain text (TXT) · Browse the archive · How this archive works
Original source: https://www.vi.gov/governor-bryan-signs-improved-hotel-development-act-into-law/
SHA-256 fb4b563d69e11e895f9735510ba43e8da25e7958fb7abead9897c523e5f2ff35
Re-using this document
A public record of the Government of the Virgin Islands, published by the agency itself. No copyright is asserted on it and 17 U.S.C. § 105 does not reach territorial government, so it publishes as a territorial public record.
Our description, tagging, arrangement, extracted text and machine transcripts are released under CC0 1.0. We assert nothing about the document itself.
Archive identifier LF-fb4b563d69e1
Document text
Governor Bryan Signs Improved Hotel Development Act Into Law - Government of the United States Virgin Islands Governor Bryan Signs Improved Hotel Development Act Into Law - Government of the United States Virgin Islands Government of the United States Virgin Islands Home Governor Albert Bryan Jr Pressroom Executive Orders The Cabinet Government of the United States Virgin Islands Home Governor Albert Bryan Jr Pressroom Executive Orders The Cabinet © 2026 Government of the United States Virgin Islands Governor Bryan Signs Improved Hotel Development Act Into Law Search Latest Comments No comments to show. October 7 U.S. VIRGIN ISLANDS—Governor Albert Bryan Jr on Monday signed into law a new version of the Hotel Development Act. The Hotel Development Act (HDA), initially introduced and codified in 2011, was intended to herald new growth incentives for commercial and hotel development by incentivizing new construction in the territory. Under the new Hotel Development Act signed into law Monday by Governor Bryan, those incentives can now be applied to hotel reconstruction, renovation, restoration, and improvement—broadening the scope of who can participate in the program. The bill expands the application of the HDA to not just new hotel and resort construction but also applies to reconstruction, renovation, and restoration of existing and damaged properties as a means of fostering our hurricane recovery. “This legislation represents our efforts to not only attract new investments in the Virgin Islands but to ensure that the hotels that are here have an opportunity to refresh their product continually,” said Governor Bryan before touting the bill as a collaborative effort between the administration and the 33rd Legislature. The legislation was sponsored by Senator Kurt Vialet, who worked closely with Governor Bryan and his legal staff on the bill’s development. The newly-enacted Hotel Development Act also institutes the use of an Economic Recovery Fee (ERF), which allows hotels to add a fee up to 7.5% as a separate charge to the hotel guest’s bill in addition to the hotel occupancy tax to assist with the financing of qualified development. The Economic Recovery Fee is recorded similar to the hotel occupancy tax on a guest’s bill as a separate line item but is collected and deposited into a separate ERF Trust Fund to be used as approved by the developer or existing hotel property to secure a hotel note or for self-financed construction. The Hotel Development Act will apply across the territory, including water Island, where there are plans to construct a new hotel. Joining Governor Bryan at Monday’s signing ceremony were Lieutenant Governor Tregenza Roach, Commissioner of Finance Kirk Callwood Sr., Commissioner of Tourism Joseph Boschulte, Chief Executive Officer of the Economic Development Authority Kamal Latham, Senator Kurt Vialet and President of Hotel and Tourism Association Lisa Hamilton. #### View Bill signing here. TAGS No tags CATEGORIES Uncategorized Previous Next Comments are closed © 2026 Government of the United States Virgin Islands.